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Home > Terms > English, UK (UE) > Balance of trade
Balance of trade
The difference between a country's total imports and exports. If exports exceed imports, a favourable balance of trade exists; if not, a trade deficit is said to exist.
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- Part of Speech: proper noun
- Synonym(s):
- Blossary:
- Industry/Domain: Economy
- Category: International trade
- Company:
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- Acronym-Abbreviation:
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